Pacton Gold Inc.(TSX-V:PAC) is pleased to announce that it has entered into an option agreement to acquire a 100% interest in three (3) mineral property groups (the “Property”) in the Red Lake world-class mining district of Northwestern Ontario, Canada, from Frontline Gold Corporation (TSXV: FGC). The Property is comprised of 34 mineral claims and 2 mineral patents, totaling 274 claims units for a total area of approximately 4,420 hectares.
Dominic Verdejo, President and CEO of Pacton Gold commented, “We are pleased to have secured a strategic land package proximal or immediately adjacent to multiple operating gold mines and gold deposits in the prolific Red Lake Gold District in Northwestern Ontario. The area is home to some of the richest gold deposits in the world and has produced over 25 million ounces of gold from high grade zones. The land package significantly elevates our gold property portfolio and positions Pacton as a key exploration player in the Red Lake Gold Camp. We will immediately begin reviewing the newly acquired land package, which comes with an extensive geological history and database.”